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spending millions on their campaigns. his people are young and the international and they are not as euro-skeptic as the majority of czechs. >> i'm afraid of many. the european union is doing now. his opinions are a bit more extreme. >> many people seem to be taking his licks in stride or even liking them. as before voting began, their orders to beating up campaign newspapers in the cafes. >> i'm not sure if this is the right guy for a presidency, but he is an interesting one. >> while he attracts all the media attention, there's little interest in the front runners, like the conservative former prime minister who also once headed the office of statistics. we asked the foreign minister if they oppose the establishment. >> i think they are fed up with politicians. >> it is that sentiment that has gotten him this far in the campaign. commentators have called him a potential king-maker. he is not a politician. his latest opera recently premiered and it is a science fiction work in which amphibian's take over the world. they are too clever for the human. they will show that they can also be c
with a crisis on his plate. the dutch finance minister is expected to be named the next head of the euro group later today. the former president is stepping down after eight years on the job. a man replacing him is virtually untested, but he is the only candidate for the job. >> the dutch finance minister looks set to take on an extra job. he has only just become a minister in his own country but he emerged as the candidate from a small country that is a proponent of unpopular budgeting. >> there seems to be a few basis, a new basis for trust, and we have to work to enhance it and strengthen it and to build new growth in jobs on that basis of trust. that is as short as i can say of what needs to be done in the euro group. >> goodbye to the head of the finance minister since 2005. he spent most of his time deal width democratic crisis and says he is eager to understand that over to somebody else. but apart from designating a new head little else of substance is on the agenda. tell leave a pressing decision on a bail out for cyprus until after elections there. >> since i heard the president has
is expected to be named the next head of the euro group later today. the former president is stepping down after eight years on the job. a man replacing him is virtually untested, but he is the only candidate for the job. >> the dutch finance minister looks set to take on an extra job. he has only just become a minister in his own country but he emerged as the candidate from a small country that is a proponent of unpopular budgeting. >> there seems to be a few basis, a new basis for trust, and we have to work to enhance it and strengthen it and to build new growth in jobs on that basis of trust. that is as short as i can say of what needs to be done in the euro group. >> goodbye to the head of the finance minister since 2005. he spent most of his time deal width democratic crisis and says he is eager to understand that over to somebody else. but apart from designating a new head little else of substance is on the agenda. tell leave a pressing decision on a bail out for cyprus until after elections there. >> since i heard the president has ruled out every form of privatization, i am in a b
to add to the 93 million euros of aid it has already sent, both to help mali and neighboring countries like niger where tens of thousands of people have already taken refuge. >> moving to the czech republic and our voting has begun to let the country's new president. around 8 million voters are choosing between two candidates. the foreign minister, the heir to one of central europe's wealthiest aristocratic families. >> he is taking on the former prime minister, to replace the current president. the vote is the country's first direct presidential election with a final day of voting on saturday. the russian parliament has given its initial backing today to a bill that would ban what it calls homosexual propaganda. >> critics say the bill could lead to gay people being fined for demonstrating or even kissing in public. >> there were skirmishes ahead of the parliamentary vote. orthodox activists disrupted a protest by gay rights campaigners before it had even started. demonstrators against the bill say are just fighting for civil rights. >> i am liberal. i am for freedom for all. for gay
place because of the euro zone and that is why i think it's right to resell our relationship with europe and then to trust the people. >> thank you, mr. speaker. [inaudible] recent revolutions show about the secretive series abuse of powers continues with involvement of the police and the security services. will be prime minister have an investigation into the scandal that has ruined, continues to run the lives of many hard-working men, women, and their families? >> the honorable member quite rightly raised the issue that i know the opposition will be racing today in the debate and let me say the blacklisting that occurred was a completely unacceptable project that i think the previous government was right to bring in legislation to make it unlawful. we've seen no evidence that the blacklisting regulations introduced are not doing their job and the company responsible was shut down in 2000. at me say this but i do welcome the openness and frankness that labour are using to look at something that went wrong while they were in office. >> thank you, mr. speaker. my right honorable friend in
in the euro zone picture than fundamental change in europe. second, there's a crisis that competitiveness is other nations across the world sora had. and third, there is a gap between the e.u. and its citizens which has grown dramatic way in years. it is democratic accountability in consent that is yet particularly cute way if we don't address these challenges, i do not want that to happen. i want the european to be a success and the relationship between britain and keeps sna. that is why i'm here today to acknowledge the nature of the challenges we face and to set out how i believe the european union should respond to them and what i want to achieve for britain in its place within the european union conservative nature of the challenges for me. there are some serious questions that will define the future of the european union and the future of every country within it. digging in is changing to help fix the current scene that has profound implications for all of us, whether in the single current era not. britain is not in the single currency and are not to be. when you do yours don't have
is concerned about europe's debt crisis. it is calling for too much as 50 million euros in investment paid for by a tax on the wealthy. >> it would be an affordable contribution that would greatly help the people of europe. >> the unions know that the left of central liberal democrats support the plan. other parties will be hard to convince. >> in a moment, we will look back at the shipwreck a year ago. first, a look at headlines across the world. the berlin mayor has survived and a -- a vote of no- confidence. he has agreed to step down as head of the supervisory board. the greek parliament has approved tax hikes led to bring in an extra 2.5 billion year rose in the next 8 years. there is a new -- 2.5 billion euros in the next two years. clashes in the northern ireland capital of belfast continue. rocks and bombs were thrown at police who responded with water canyons -- water cannons. the process were against limiting the days been british flag flies outside city hall. there were more than 4000 people on board the costa cord ia when it crashed one year ago. many people are still coping wi
a boost to shares said that the dax is up by nearly 1%. euro stoxx 50 rising by about 0.75%. there have been some hints that the debt crisis might be solved and that many states are in a pretty good way. >> thanks for that. >> it is election year here in germany. this september, angela merkel will bid for another four years running the country, and this weekend, there's an early test for her coalition. >> ahead of that, merkel and her government have been touting their economic credentials today in parliament. their message -- while growth is slowing this year, germany has weathered the euro crisis pretty well. >> merkel is counting on that message winning the day both this weekend and in september, but the opposition has other ideas. >> with an important state election coming up this weekend in lower saxony, the campaign rhetoric is getting hotter. reporting on the condition of germany's economy, the economics minister was keen to take as much credit as possible for record employment numbers, rising income, and falling debt. >> it is no accident that our economy is in good shape. it is
1%. euro stoxx 50 rising by about 0.75%. there have been some hints that the debt crisis might be solved and that many states are in a pretty good way. >> thanks for that. >> it is election year here in germany. this september, angela merkel will bid for another four years running the country, and this weekend, there's an early test for her coalition. >> ahead of that, merkel and her government have been touting their economic credentials today in parliament. their message -- while growth is slowing this year, germany has weathered the euro crisis pretty well. >> merkel is counting on that message winning the day both this weekend and in september, but the opposition has other ideas. >> with an important state election coming up this weekend in lower saxony, the campaign rhetoric is getting hotter. reporting on the condition of germany's economy, the economics minister was keen to take as much credit as possible for record employment numbers, rising income, and falling debt. >> it is no accident that our economy is in good shape. it is no accident that new jobs are being create
. the euro hit the 118 level for the first time in 20 months. that pair is changing hands at 118.10 to 15. market participants say worries about the debt situation in the euro zone has eased due to positive comments on the regional economy from the european central bank president. let's see how this is affecting the stock market. the weaker yen is prompting export on stocks. let's take a look at how other markets in the asia pacific are performing. south korea's kospi trading modestly in the negative down about .10 of a percent. look likes a bit of a mixed picture today. over in the united states president obama had revealed his nomination for his treasury secretary. his chief of staff jack lew is poised to replace timothy geithner. >> over the years he's built a reputation as a master of policy who can work with members of both parties. jack has my complete trust. i hope the senate will confirm him as quickly as possible. >> mr. president, i look forward to continuing the challenges ahead. >> lew is 57 years old. he's well versed in financial policy. he served as director of the office o
to suit the euro but also to suit all of us as well. make the argument for a flexible, competitive euro, take the british people with you. >> south africa is looking at newark power for its future nuclear ended -- at nuclear power for its future and nuclear energy needs. >> the corzine were the original inhabitants of southern africa. for at least 2000 years, the hunted, herded, and gathered on the land and the sea. skeletons in the sand and evidence of what and where they ate. >> maybe they ate the food out of the jars. >> the land was seized by colonialists. under apartheid, their identity was further fracturing the proposal to build a nuclear power station here is unacceptable. >> they take our land. they are ready to take our identity away from us. everything we have got, they take away from us. now what is left for us is only -- >> these artifacts were all collected here. she and her husband, a traditional healer, are trying to preserve a culture they say is not respected. they do not have former first reform of first nation indigenous that as yet. -- they do not have formal first
long. euro/dollar, who cares about that one today? let's talk more about china. we'll head out to hong kong for in-depth analysis. intel giving investors the jitters with a disappointing forecast and a massive increase in capital spending. we'll look at those figures just after 10:20 central european time. 16 minutes later, we'll head out to bangor to talk to the ceo of wipro. >>> and the hostage crisis continues in algeria. we'll have the latest news right after the break. stay with us. what are you doing? nothing. are you stealing our daughter's school supplies and taking them to work? no, i was just looking for my stapler and my... this thing. i save money by using fedex ground and buy my own supplies. that's a great idea. i'm going to go... we got clients in today. [ male announcer ] save on ground shipping at fedex office. >>> welcome back to the program. a spokesman for the british foreign office says the uk government has received no words that the hostage crisis in algeria is over. most of the reports suggests dozens might have been killed during a rescue operation carried out
growth will reach 3.5% this year. that's up from 3.2% in 2012. the imf says the euro zone economy will recover more slowly than previously expected. the imf's growth forecast for the united states is 2%. that's as long as the country contains its fiscal crisis including the debt ceiling and fiscal growth. the imf has mained growth outlook for the japanese economy for 1.2% this year. they were warned about the risks of accumulating debt without consolidation measures. >> when the countries start with ray otio of debt to gdp, in bot cases it's much above. we vowed a clear plan for fiscal consolidation over the next five, ten years, it seems to many to be quite dangerous to increase the fiscal deficit. >> the u.s. house of representatives have agreed to raise the debt ceiling until may 18th. the bill will prevent the government from defaulting on its debt. the bill passed the house on wednesday ter t republican majority changed its stance. republicans said they would not approve the bill unless the government made more cuts to social programs. republicans had public criticism that th
currency. the euro is the alternative and look at the problem they are having there. the dollar has gone down in value by 50% against the euro in the last decade. that's because our debt tripled in that amount of time 1971 the so-called nixon shock of wage and price controls and the gold standard ever since then since there has been dollar inflation. it has been fairly consistent in terms of its value, hasn't it? >> no. it's done with up and down. like i said, it's t. lost a tremendous amount of value against the euro. and the issue is the fed just prints money. it just keeps interest. in for the economy. there is going to be inflation. prohibited oddly enough in richard virginia. there you go. look at these. v.a. is going to spend $22,000 to study a virginia alternative currency. that kind of a waste of taxpayer money? >> you know, in a way it is. the issue is we have had, before we haven't just had the dollar forever. at one point, in 1836, there were every state had its own bank note. and there were 16,000 chartered types of currency. so easy to counterfeit. it d bs didn't work at all
.6 billion in what is the budget of all the couple euros and the budget of all the baghdad euros to work? it is dwarfed by the pentagon message is pushing out, dwarfs -- c-span: do we know as americans, reading the american media or any video what actually has happened in iraq and afghanistan? >> guest: i think actually we do. the guys on the ground generally do a pretty good job and have done an amazing job in difficult circumstances to get the story and if you are reading "the new york times," "the washington post," "the new yorker," the times, "newsweek," "the wall street journal" you get a sense on not the editorial page but if you read their actual reporting you get a sense of what's going on there. c-span: what would you say to young person and again we talked about the earlier event, want to do what you have done? >> guest: buckle up. c-span: what does that mean? >> guest: i think -- it's funny when people talk about michael hastings and who's going to write the next dispatch? you can do that. he wrote about vietnam and the classic book that all war correspondents love and there's
in syria, another year of the war in gaza, the euro crisis, penn state, trayvon martin, petraeus, 2012 is a year in many ways, forget the phrase, sucked, which is why it's been worth it as ever to con come the things that did not suck. that did not suck about this year. legitimately without irony or only with a trace amount. behold a clear year that sucked much less than you remember it sucking. everybody on this show is a 13-year-old boy. they were all giggling over this. apparently someone drawing a circle around the florida panhandle is hilarious. whether it is chuck todd or this from cnn because he's putting his hands on it. members of my staff swear putting shapes on the state of florida is all problematic. yes, i get it. i get it less than most people. i do see something in the associated press map. mitt romney won the counties in orange, newt gingrich won the ones in red. do you see that? look closer. they totally saw it. it's a giraffe! best new thing in the world today. you are grounded, staffers. this photo of mitt romney in iowa in october 2007 is the greatest campaign trail
exclusive next. ashley: first, look at how the dollar is moves now against foreign currencies. the euro up against the dollar. the pound up against the dollar. euro 1.31 testing recent highs, and meanwhile, up against the green back unless you have the mexican peso, we'll be right back. lauren: i'm lauren green with your fox news minute. stranded after the coast is now under tow. successfully pulled from the island where it ran aground in a vicious storm a week ago. the rig is being toed at four miles per hour approaching the alaska coast where crews can determine if there's damage. shell says no evidence that the vessels' 150,000 gallons of fuel leaked into the ocean. the set dates to hear arguments in two gay marriage cases. california's proposition 8 on same-sex marriage will be heard march 26 #th, and the defense of marriage act is heard the following day on march 27th. new violence in syria after president assad's declaration that he will not step down in a public address, he announced only he dictates the end of the civil war, a 21-month conflict costing more than 60,000 lives so far
at currencies, how they fair against the u.s. dollar, more and more strength today in the euro, and, again, seems like the interest rate is not changing in europe really is propelling the euro higher, again today. ♪ [ male announcer ] how do you trade? with scottrader streaming quotes, any way you want. fully customize it for your trading process -- from thought to trade, on every screen. and all in real time. which makes it just like having your own trading floor, right at your fingertips. [ rodger ] at scottrade, seven dollar trades are just the start. try our easy-to-use scottrader streaming quotes. it's another reason more investors are saying... [ all ] i'm with scottrade. cheryl: breaking news from goldman sachs, the economic research teams issuing a report just released as they are lowering the estimate for fourth quarter gdp. they are now saying fourth quarter is 1.3%, down a half percentage from the original estimate of the fourth quarter. why lower the estimate for the fourth quarter? weaker than expected trade data is one thing they cited, so the november trade gap an issue, a
changes, well, to that story. look at how currencies are holding up. $1.33 on the euro. [ male announcer ] let's say you pay your guy around 2% to manage your money. that's not much, you think. except it's 2% every year. go to e-trade and find out how much our advice and guidance costs. spoiler alert: it's low. it's guidance on your terms, not ours. e-trade. less for us. more for you. >> 24 minutes past the hour. i am jamie colby. this is your box is in it. one u.s. unarmed drone is ahead abp as field in algeria. at least 35 hostages have been killed, along with 15 terrorists after algerian military surrounded the facility. pineda responding, who need them except you guys in battle? the ban expired in 2004. here is some good housing news. fewer u.s. homes foreclosed in 2012. it was down from 804,000 in 2011. those are your headlines. i will send it back to connell. connell: pushing the retirement age up to 70. the number of ceos that make up the business roundtable moving the age of 270. it would affect social security and also medicare benefits. initial benefits for the so-called wealth
of the effort to abide by a new euro zone for a balanced budget. >>> back here at home. country's top diplomat is back on the job at least for a while. james rosen tells us secretary of state hillary clinton is off the disabled list to fill the remaining time. >> the selling presented her from a gift from all of us. she said, as you know, washington is contact sport. inside it was a football helmet with the state department seal and also a football jersey that said clinton on the back and on the front it says number 112 which symbolizes the number of countries she has visited as secretary of state. she loved it. she thought it was cool. being hillary clinton she wanted to get back to business. >> reporter: that meant ordering state department officials to get cracking on implementing all the recommendations for enhanced security that was proposed by the accountability review board that investigated the attacks in benghazi and clinton remains committed to testify about benghazi before she leaves office. >> she is prepared to do it at open session. >> at no point again this morning did we see an
year and accepted a plea deal in exchange for a 5-euro prison sentence. >>> there is a big push to bring the fbi headquarter to northern virginia. local, set and congressional leaders met in arlington to brainstorm ideas that will convince the feds to relocate somewhere in the commonwealth. they are pushing hard for a site in fairfax county. meanwhile, in maryland, prince george's county and montgomery county are both in the running as well. >>> senator tim kaine is also among those pushing to bring the fbi headquarters to virginia. the former virginia governor was sworn in last week. senator kaine, he is going to join us live here in studio at 7:30 this morning to talk mother about his plans as he settles into his new job on capitol hill. >>> time now for the morning line as robert griffin iii continues to recover. the nfl players association may launch an investigation into the handling of his injury. if they go forward, independent doctors will be brought in to see if the redskins followed the recommendations of their medical staff and in the nfl playoffs, two of the greatest
earning a million euros should be thrown out as unfair. it had already been blasted as anti-entrepreneurial. it was branded at the government trying to balance the budget on the backs of the rich. the planned tax hike had sparked word that at least some high rollers were deciding to leave the country. but analysts say the high taxing french ruler is not really defeated. it was thrown out more on a technicality. government is planning to issue a rewarded tax bill and claps there were new tax hinges that the court left in part in mace. the french stock market seemed to like the message. it was up more than a half percent in a shortened trading day. >>> it looks like james bond can do it all. the recently released skyfall is now the most successful bond movie in franchise history. it has earned more than $1 billion worldwide. the film is only the 14th movie of all time to hit the $1 billion mark. others include the avengers and the dark knight rises. >>> adam housley has the details on the hollywood nation report. >> reporter: bilbo beats yank owe, ryan's resolution and kim is
month in a row. the euro gaining for a sixth straight month against the u.s. dollar. longest winning streak in nearly a decade. hitting the highest level against the greenback in 15 months, but rich edson, go ahead, we have breaking news. rich: the senate has voted to raise the debt ceiling through may 18. this also has a provision that says in the senate doesn't pass a budget, the senators don't get paid, house lawmakers don't get paid after april 15. they don't get paid until the end of congress and are made whole at the end of the congress in 2014. the bill goes to the president's desk raising the debt ceiling so treasury can extend that sometime to july or august. david: a quick question in terms of defense, we will be talking about how defense cutbacks are hurting individual jobs in individual sectors and does this affect defense spending directly? >> this moves the debt ceiling fight the back. now march 1, automatic spending cuts and defense and other programs begin to hit and government spending on march 27. next up, defense spending will be a topic of conversation in d.c. and
will leave the euro zone or know despite all of the very elaborate fixes worked up to keep countries like greece from going completely under the problem of growth remains. and as long as europe is not growing then the fundamental economic problem here remains. the unemployment rate for the entire euro zone rose to a record high of 11.8% for november. that is up from 11.7% from october. but up from 10.6% a year ago. these are images of italians lining up to fill out forms for jobs. it's not uncommon to hear young italians say that they simply feel that the culture is skewed against them, not making way for them in this economy. prime minister mario monte passed legislation to make it easier for people tow start u to start up their own companies because youth unemployment is at 37%. some people are thinking better to make jobs for themselves than wait to be hired. spain has the word unemployment problem with a staggering rate of 26.6% for november, as unemployment rises you question how much longer governments can stick to their austerity programs. and the problem is with people losing jobs
identified as 26 euro francisco gutierrez. he is from honduras and worked in construction. >> san francisco police have released surveillance video of the man accused of robbing ain that killing her doll. >> off the video shows the suspect police are looking for--killing her dog. >> the video shows a suspect police are looking for. >> the woman pulled her car over and leavenworth street in the tenderloin with a man came up and demanded money. >> after given the man her money, but muger grabbed the dog and through into the oncoming traffic. >> the man grabbed the dog after i had given him money held proxy over his head and threw her into oncoming traffic. she was on her side screaming and crying. her right eye was falling out. >> the woman believes the man killed her dog she did not have them in out of monehe amount of money was looking for. >> said of the police have named a suspect in monday's shooting dead. >> they say luiz hernandez shot and killed 36 euro christopher soriano. >> the 26 euro suspect is under arrest. >> police say he shot the victim perhaps because he thought the man was
the average for the entire 20th century. unemployment across the euro- zone countries has hit another record high, 11.8%, in november. the european union reported today the jobless rate rose more than a full percentage point from a year earlier. greece had the single biggest year-to-year increase, jumping seven points to 26%. across the e.u., some 26 million people were out of work. wall street was down again today as the market marked time, waiting for corporate earnings announcements. the dow jones industrial average lost 55 points to close under 13,329. the nasdaq fell seven points to close below 3092. those are some of the day's major stories. now, back to gwen. >> ifill: we return to the u.s. consulate attack in benghazi, the only known suspect held in connection with the incident was released today in tunisia. his attorney said he was freed because of a lack of evidence. the attack, which killed u.s. ambassador to libya christopher stevens and three other americans was seen by large crowds and captured on security cameras, but the culprits have remained elusive. libyan witnesses have r
ministers, with the imf, with the world bank issues, and most importantly now, with the euro zone and the crisis there. >> excellent point, andrea. that was always part of the job, but it never mattered as much as it has since the financial crisis. look, there is a club of central bankers, there's a club of finance ministers. there's sort of overlapping circles within that club. jack lew is not known to come part of that club. for one central banker to call another in the middle of a crisis and say, hey, we're going to do this and be able to talk on the phone and to really address global financial issues in a hurry, i'm not saying jack lew can't be part of that. i know he also has spoken with a lot of these people in the past. he has talked to business executives on a pretty regular basis. as for his priors, he is not a member of that club. >> now, if he does have the chops to come up with a budget deal and real entitlement reform, and coming from a liberal to progressive background, having worked for tip o'neill, and i was told started out in politics in new york city with the la
through kidnapping for ransom. they've made more than $30 million euros after kidnapping french citizens because the french will pay for the nationals to come back. up until this point, they hadn't taken an american hostage and now they have at least three. >> so they would view perhaps mali as the next afghanistan or having the possibility of being the next afghanistan before 9/11 when in fact it was a haven for al qaeda. >> there are parallels there because in some ways, you know as one u.s. official said to me half jokingly it's the world's worst neighborhood. you have islamic extrialists, you have al qaeda through aqim, you have drug traffickers up there in the north of mali. and you have just rebels who want some independence to split the country in two. so in that mix you have that worry that you can create within the chaos a command and control center. like what you saw al qaeda do through the taliban in afghanistan. so that's the fear that it can become a launch pad. >> rose: on another matter finally, when dow expect the secretary of state to testify about ben gazee-- ben gaddee
. because they grow during the war, the soviet union. don't forget, they armed themselves across the euro amounts. they remake themselves. it's an extraordinary story. reconstruction and dedication of the people. the idea is the whole nation climbs into this thing. it was a crucible, great war. but the british -- churchill as a fastening overlay because once the british islands are saved in the battle of britain, his goal seems to be true to regain the entire. he said i do not come upon this thing to dismember the british empire. the whole concept of going to north africa, sending troops up the southern valley of the nazi empire, reaching greece, which is a tremendous story. everyone talks were eastern europe. as an outsider i think about what about the british when they went back in 1944 and started divebombing the streets of athens? the people, time in his resistance who fought valiantly against the nazis. the british were relentless. people say look what stalin did in poland, he broke the yalta. i don't believe he broke yalta. look what the british did. no one ever points to that. then
. he has discussed the euro review, including all -- the thorough review that has been undertaken by the u.s. government to determine whether the individual poses a threat. to recap, the standards that i have described today or which we have strengthened over time reflect our commitment to ensuring the individual is a legitimate target under the law , determining whether he poses a threat to u.s. interest, determining whether the capture is feasible, our ability to act unilaterally in foreign territory, having a high degree of confidence both in the identity of the target and making sure innocents will not be harmed, and engaging in additional review. going forward, we continue to strengthen and refine the standards. as they do, we look to institutionalize our approach more formally so that the high standards we set for ourselves into her over time -- ednndure o ver time. as the president said, america must be the bearer of standards. we need to have greater conspiracy. i have made a sincere effort to address the main question that citizens and scholars have raised regarding the u
. if the euro is strong and the economy's stable when it arrives, all is well. but if the euro gets devalued or the banks or the stocks are in trouble, this american-made product can find itself facing some real hurdles. the shop that wants to order it may be unable to get a loan for its inventory, therefore, the instrument never gets shipped. or the customer who wants to buy this guitar may find that his money is now worth so little he can't afford it. and if this drought and the revenue stream continues pushing more businesses and more governments toward default on their debt, then there's a risk of the whole market drying up. so, everyone knows each time a shipment arrives in europe like this one, unpredictable market forces here could undermine the value of those guitars and force layoffs back home. >> the last few years just thinking about the economy in general, it's kind of a generalized fear. >> reporter: for now they control what they can. >> if we do a better job when somebody's looking to buy a guitar, they'll look more to our stuff than the other stuff. over time. >> reporter: an
,000 in the u.s. is being shipped to europe today. if the euro is strong and the economy is stable when it arrives, all is well. but if the euro gets devalued or the banks or the stocks are in trouble, this american-made product can find itself facing some real hurdles. the shop that wants to order it may be unable to get a loan for its inventory. therefore, the instrument never gets shipped. or the customer who wants to buy this guitar may find his money is worth so little he can't afford it. and if this drought in the marine stream continues pushing more businesses and more governments toward default on their debt, then there's a risk of the whole market drying up. so everyone knows each time a shipment arrives in europe like this one, unpredictable market forces here could undermine the value of those guitars and force layoffs back home. >> the last few years just thinking about the economy in general. it's kind of a generalized fear. >> reporter: for now they control what they can. >> if we do a better job when somebody's looking to buy a guitar, they'll look more to our stuff than
Search Results 0 to 49 of about 86 (some duplicates have been removed)